Armenia’s Science & Advanced Tech Foundation injected $5 mln into science programs over 15 years

YEREVAN, October 26. /ARKA/. The National Foundation of Science and Advanced Technologies (NFSAT) of Armenia injected nearly $ 5 million into scientific programs over 15 years, a founding president of NFSAT Harutyun Karapetyan told journalists Friday.

“Over fifteen years our foundation allocated about $ 5 million to different scientific programs, of them, nearly $ 4.5 million was distributed in grants by the U.S. Civil Research and Development Foundation ( US CRDF),” he said adding that the State, private organizations, and Armenian Diaspora have also financially contributed to implementing the programs.

Among the main initiatives of the foundation Karapetyan mentioned an establishment of Cryo Genetics center at the Institute of Fine Organic Chemistry after H. Mnjoyan in 2003, consolidation of 31 scientific organizations into the single fiber-optic network within the framework of NATO project “ The Virtual Silk Highway,” and support to 16 science projects directed to Armenian market development within “Commercialization of science results” program. 

“Our goal is to show how to report effective results having little funds,” he noted. 

The founding president also said over 15 years the grants funded 34 scientific conferences, 37 seminars, 45 researches, establishing four research centers.

“Nearly 2,500 scientists participated in our programs within the mentioned period,” he added.

Karapetyan stated the foundation intends to finance a scientific program in Yerevan Polytechnic Institute.

The National Foundation of Science and Advanced Technologies is a non-profit organization established in 1997, according to a legislative act of the Republic of Armenia. NFSAT's mission is to accelerate the development of the scientific and technological potential of Armenia through competitive grants. -0-